Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

Deep Dive: PSD2, Open Banking And Consumer Trust
Deep Dive: PSD2, Open Banking And Consumer Trust
March 25, 2019  |  Regulation

PSD2’s open banking initiatives often rely on APIs, which allow banks, merchants and third-party providers to access more data and process more transactions than they...

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Why The Netherlands Waited A Year To Roll Out PSD2
Why The Netherlands Waited A Year To Roll Out PSD2
March 22, 2019  |  Regulation

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in...

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Can PSD2 Get Past Its GDPR Problem As Deadlines Hit?
Can PSD2 Get Past Its GDPR Problem As Deadlines Hit?
March 14, 2019  |  Regulation

Ladies and gentlemen, it has finally arrived. From this day forward (March 14), businesses covered by the European Union’s (EU’s) Second Payment Services Directive (PSD2) are...

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Mobile Devices Take On SMB FinTech Functionality, Usability
Mobile Devices Take On SMB FinTech Functionality, Usability
March 13, 2019  |  B2B Payments

As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking portals accessed via...

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UK Study Finds Broad FI Support For Open Banking
UK Study Finds Broad FI Support For Open Banking
March 13, 2019  |  B2B Payments

Forrester finds that a significant number of FIs in the U.K. are optimistic about open banking’s ability to cut costs and foster better client experiences. Meanwhile,...

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How SMB FinTech Firms Boost Data Sharing Without Open Banking
How SMB FinTech Firms Boost Data Sharing Without Open Banking
March 12, 2019  |  B2B Payments

For proponents of open banking, the regulatory initiative seen in the U.K. and Europe is a natural progression from the surge in FinTech solutions offered...

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HSBC Launches APIs, Developer Portal For PSD2
HSBC Launches APIs, Developer Portal For PSD2
March 08, 2019  |  B2B Payments

HSBC has unveiled its application program interfaces (APIs) and developer portal to comply with the EU’s Second Payment Services Directive (PSD2). Reports in the Global Banking...

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How PSD2 Will Change Lending
How PSD2 Will Change Lending
March 07, 2019  |  Regulation

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer...

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New Zealand Makes Open Banking Progress
New Zealand Makes Open Banking Progress
March 05, 2019  |  B2B Payments

Open Banking and APIs are making headway in New Zealand after a year-long pilot program. In the U.S. (and beyond), Signature Bank has signed on...

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